TURKEY – CITIZENSHIP BY INVESTMENT
| 1 | Investment in Real Estate | USD 250,000 | |
|---|---|---|---|
| 2 | Citizenship & Passport | 4 – 6 Months | |
| 3 | Visa Free Travel | 115 Countries (Visa free travel / Visa on arrival / E-Visa) | |
| 4 | Net Worth Requirement | None | |
| 5 | Physical Residency Requirement | None | |
| 6 | Property Transfer Fee | USD 5,000 (2% of Purchase Price Approximately) | |
| 7 | Transfer of Property & Other Documentation Expense | USD 2,500 – 5,000 (1% to 2%) of Purchase Price | |
| 8 | Legal & Professional Fee | USD 15,000 | |
| 9 | Property Holding Period | 3 Years | |
WHY TURKEY?
Turkey, officially known as Republic of Turkey is a Muslim country located in Eurasia (Europe & Western Asia). It is home to many naturally beautiful regions and is also highlighted as one of the best climatic zone in the world. Turkey has been a candidate country to join the EU, and is a member of the Euro-Mediterranean Partnership. In addition to the Customs Union with the EU, Turkey is part of regional free trade agreements (FTAs) with the ECO (Economic Co-operation Organization).
BENEFITS
- Turkish citizenship and passport acquired within 6 months
- Turkish passport-holders enjoy visa-free travel to around 115 countries
- No minimum residency requirement
- Turkish passport is valid for 10 years and it is renewable for life
- Turkey is operating a network of more than 1,200 public and private hospitals, providing vast medical services for various treatments
- Pension programs, good education & university system in Turkey
Investment in Real Estate – USD 250,000:
Foreigners who wish to obtain Turkey’s nationality may apply for Turkey’s Citizenship by Investment and invest minimum USD 250,000 in real estate in Turkey (which was previously USD 1 million) with the condition that the invested property shall not be sold prior to 3 years period. The investment can be made in more than one property, the aggregate amount of which must exceed USD 250,000 in order to get Turkish Citizenship. The Ministry of Environment and Urban Affairs will confirm if the investment value both in registry and in actual valuation exceeds USD 250,000. Initially Turkey’s permanent residence will be granted following which investor may apply for Turkish Citizenship and passport. Investor will have to visit turkey once during the process. The advantage of Turkish citizenship is that Turkish passport allows visa free travel to 115 countries. Investor will not have to renounce his/her current nationality as Turkey allows dual citizenship.